Islam, Jamal Nazrul; Mohajan, Haradhan Kumar; Moolio, Pahlaj - In: Indus Journal of Management & Social Science (IJMSS) 4 (2010) 1, pp. 15-29
Applying method of Lagrange multipliers, an attempt has been made to derive mathematical formulation to workout optimal purchasing policy in order to maximize utility of an individual consumer subject to multiple constraints; in this particular illustration, two constraints: 1) budget...